Braskem’s $11 Billion Debt Rework Staves Off Bankruptcy Protection
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Braskem SA’s announcement of an $11 billion debt restructuring staved off an immediate crisis that would have pushed it into bankruptcy protection.
However, the parties remain far apart on key issues ranging from terms of shareholder support to how existing debt will be reworked.
BraskemPetrobras
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“Braskem SA’s announcement of an $11 billion debt restructuring staved off an immediate crisis that would have pushed it into bankruptcy protection.”
Bloomberg — Braskem’s $11 Billion Debt Rework Puts Spotlight on Petrobras